Frustrated Over-50s Fire Investment Advisors
2010-10-26http://www.fintrader.net) annual investor survey. And the reason for their revolt? Too many years of near-zero returns and a growing confidence that they can do better on their own.
The number of 50+ investors who are shouldering their own risks is notably on the rise.
The findings of the survey, now in its sixth year, were unveiled today by financial trading coach and author Vince Stanzione, of fintrader.net, who has been teaching private investors to trade for more than 13 years and has seen a massive surge in new students from the 50+ age group over the last 12 months.
“The biggest trend I’ve seen this year is a move by the over 50s away from advisors and their high fees towards self-managed investments, with an appetite for higher risk strategies,” says Stanzione. “The number of 50+ investors who are shouldering their own risks is notably on the rise.”
I’m teaching investors how to profit from both bull and bear markets across the globe and not just focus on the FTSE100 or S&P500.
Fintrader.net reported a year ago that, in Financial Spread Betting, the over 50s are by far the most successful, profitable traders and investors. Its five year survey divided 1000 investors into three age-based groups, with the 50+ group performing 25% better than the 30-50 group and a full 40% better than the 18-30 group, busting the myth that risk and results are the stuff of youth.
The 50+ success was partly because older investors took more calculated risks for higher returns than the 30-50 group, often favouring commodities and commodity companies, notably in gold, crude oil and silver.
“Our 2010 results reinforce what we discovered in 2009,” reports Stanzione, “but the change over the last year is the increasing number of over 50s coming into the self-managed market as they realise they can do better using products such as Exchange Traded Funds for a fraction of the traditional investment product annual fee.
“As interest rates have continued through 2010 at such a low level, savings look ever more unattractive, especially as the cost of living is still rising. Older investors are starting to see that they will outlive their savings, without the returns they were promised, and are also old enough to remember from the 1970s what inflation can do to savings.”
“Meanwhile,” Stanzione continues, “there are barely any returns on traditional buy and hold share investing. Anyone who bought the FTSE100 10 years ago is down more than 11% on a wasted decade. But if they’d gone for gold, they’d now be up 300%, and I’m teaching investors how to profit from both bull and bear markets across the globe and not just focus on the FTSE100 or S&P500.”
Stanzione’s business, fintrader.net, offers tools and training to those interested in managing their own trades, with a complete home study course available for just £197. Potential investors and traders who wish to learn more from a trading veteran should visit http://www.fintrader.net , where they can also download a free copy of Stanzione’s “10 Top Trading Tips”.
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Notes for editors
About Vince Stanzione
Vince Stanzione is a self-made multi-millionaire based in Europe. Beginning aged 16 at Nat West Foreign Exchange in London, he quickly made his mark and then left to form his own company, since when he has been involved in mobile communications, premium rate telephony, interactive gaming, publishing and television and financial trading. He currently lives most of the year between Spain and Monaco and trades his own funds, mainly in currencies and commodities. He also teaches a small number of students and produced the best-selling course on Financial Spread Betting.
Vince Stanzione is the author of "How to Stop Existing & Start Living", is the Spread Betting Expert for Growth Company Investor and writes monthly columns for The City Magazine, Canary Wharf and Vicinitee Magazine.
About the Fintrader Survey
Starting at a 2004 base, the fintrader.net research analyses the trading results of 1000 UK individuals, comparing three evenly split, age-based groups: 18-30, 30-50 and 50+, with the highest aged investor being over 80.
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Personal investors in the 50+ age group are en masse telling their pin-striped city advisors “you’re fired” and taking on their portfolios themselves. This is the headline finding of the 2010 fintrader.net annual investor survey. And the reason for their revolt? Too many years of near-zero returns and a growing confidence that they can do better on their own.
Vince Stanzione says "If you're sick of earning 1% a year on your hard earned savings, fed up of investing with “experts” that can’t beat a blind folded monkey and consistently lose your money but still charge you high fees or have tried a trading system, but failed miserably because it was too difficult, too complicated or just too time consuming... then read on as I am about to expose the secrets the professionals don't tell you." fintrader.net
"The biggest trend I’ve seen this year is a move by the over 50s away from advisors and their high fees towards self-managed investments, with an appetite for higher risk strategies,” says Stanzione. “The number of 50+ investors who are shouldering their own risks is notably on the rise.” www.fintrader.net